🚀 BTC Digital Bets Big: Dumps $1M Bitcoin for Ethereum in Bold Crypto Pivot
In a move that's shaking crypto portfolios, BTC Digital just liquidated its entire Bitcoin position to go all-in on Ethereum. The $1 million flip signals a high-stakes gamble on ETH's smart contract dominance—and a brutal vote of no confidence in BTC's store-of-value narrative.
The Great Rotation: While Bitcoin maximalists gnash their teeth, the fund's managers cite Ethereum's deflationary mechanics and institutional DeFi adoption as key drivers. "We're not married to any blockchain," said the CFO while presumably eyeing Solana's charts.
Wall Street Whiplash: Traders scrambled to adjust positions after the announcement, causing brief but violent spreads on derivatives markets. Meanwhile, traditional finance analysts muttered something about "digital tulips" before returning to their Excel models.
One thing's clear: in crypto's endless civil war between BTC and ETH maximalists, this $1 million cannonball just made a serious splash.
Blockchain tech and mining firm BTC Digital has made an astonishing announcement. Following the completion of a $6 million fundraising through the sale of 2,000,000 Ordinary Shares at $3.00 per share to institutional investors,, the company is completely switching f... Read More
